secwatch.observer — SEC 8-K summary
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Issuer:     LINDBLAD EXPEDITIONS HOLDINGS, INC. (LIND)
CIK:        0001512499
Form:       8-K
Filed at:   2022-11-02T23:59:59+00:00
Accession:  0001437749-22-025454
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lindblad Expeditions reports Q3 revenue $144.8M, net loss narrows to $9.8M, Adj. EBITDA $18.6M
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- Revenue $144.8M (+$80.3M vs 2021, +$43.8M vs Q3 2019); net loss $9.8M vs $25.7M loss in Q3 2021.
- Adjusted EBITDA $18.6M, up $25.2M from -$6.6M; Lindblad Net Yield $1,014 (+24%), occupancy 81%.
- Bookings for 2023 are 23% ahead of bookings for 2020 at same point in 2019.
- Launched National Geographic Islander II in Galapagos; total debt $572.4M; cash $116.4M.
- Stock repurchase plan: $35M authorized, $23M used, suspended due to Main Street loan restrictions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1512499/000143774922025454/0001437749-22-025454-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1512499/000143774922025454/lindb20221014_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-025454

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer